What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

MACD Volume

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 44 8.4 0.59% 1.18% 2.4% -2.9% -1.6%
SHORT 45 9.3 0.62% 1.33% 3.4% -2.9% 32.4%

Summary

Technical Analysis

Midway (MWY.AX)


Indicator:

VOLUME MACD


Last Signal:

BEARISH


Trading: SELL @ $1.995
Signal Strength: MEDIUM
Recommendation:

Midway (ASX:MWY) currently has negative Volume MACD of -10399. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Volume Moving Average Convergence/Divergence (VMACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation: Moving Average Convergence Divergence Volume (VMACD):
1) VMACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of VMACD Line;
3) VMACD Histogram: VMACD Line - Signal Line;


PROFILE: Midway (MWY.AX)


Stock Exchange: ASX
Company: Midway
Ticker Codes: | MWY.AX | ASX:MWY |

About Midway (ASX:MWY):

Midway Limited produces, sells, and exports wood fiber products to producers of pulp, and paper and associated products in Australia, Japan, and China. It primarily offers hardwood and softwood woodchips. The company also provides plantation management services to third party tree owners. Midway Limited is based in North Shore, Australia.

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